ISLAMABAD: The Competition Commission of Pakistan (CCP) has approved the proposed investment by the Central Depository Company of Pakistan Ltd (CDC) in Naymat Collateral Management Company Ltd (NCMCL) following a Phase-I review conducted under the Competition Act 2010. CDC had submitted a pre-merger application to the Commission under Section 11 of the act, seeking approval for the subscription of additional ordinary shares in NCMCL. Following a competition assessment, the commission authorised the transaction, allowing CDC to acquire additional shareholding in the company.
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